0748 ET - Investors still have a lot of unanswered questions about why Lululemon is struggling so much, Stifel analysts say. Lululemon slides 20% after 2Q sales fall steeply and guidance is cut again. While Lululemon's North American business is continuing to decline, its Mainland China business also had a surprising reversal after previously being the strongest regional contributor to sales, the analysts say. "We believe shares deserve a valuation discount given challenging visibility, poor traffic trends, and new questions around China growth potential," the analysts say.
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Lululemon Leaves Unanswered Questions About Worsening Sales
Dow Jones09-04 19:48
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